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Emergency, we have another subprime vicitim that needs emergency “triage” care

Posted on February 28, 2008 by Moe Bedard

Gov. Martin O’Malley and mortgage industry representatives met yesterday to create a process for loan “triage” in Maryland by which homeowners at risk of foreclosure could be connected with lenders willing to refinance.

Eight loan servicers attended the event, including Baltimore-based CitiFinancial and Ocwen Loan Servicing. State regulators targeted Ocwen for an examination after receiving several consumer complaints. More than two dozen servicers were invited.

Regulators say that homeowners trying to reach loan servicers in recent months have met with busy signals, long waits on hold and a lack of assistance once they do get in touch with company representatives.

Source: BaltimoreSun.com

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0 Responses to “Emergency, we have another subprime vicitim that needs emergency “triage” care”

  1. Emergency, we have another subprime vicitim that needs emergency … at Sub Prime on The Finance World For News and Information Around The World On Finance says:
    February 28, 2008 at 3:32 pm

    [...] Emergency, we have another subprime vicitim that needs emergency … Gov. Martin O’Malley and mortgage industry representatives met yesterday to create a process for loan “triage” in Maryland by which homeowners at risk of foreclosure could be connected with lenders willing to refinance. … [...]

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